Flowtech Fluidpower Share Discussion Threads

[welsheagle] 13/11/2018 12:24

the441,
The dividend and strong cash flow could be added to the list of pros.

[steve3sandal] 12/11/2018 20:51

The441......You̵7;ve .......Done Your Own Research......that’s all we can ever do. Technically, yes, you’ve pulled a lot of the right levers. You could probably do more research, and not necessarily broker notes/ forecasts, anecdotal, google company and subsidiaries news, is it a good place to work, Q&A if they were to present at a Share Soc, Mello event. And then.....things will go better or worse, the PE ratio will expand or contract, risk could be on or it could be off. Whatever, I’d never just own one company.
Good luck with your endeavours whatever you decide. And, do keep posting, debate etc.

[petewy] 12/11/2018 17:23

Few people will respond to you request. I've bought and sold and am still in for the dividend from a healthy company. 60% IS

[the441] 12/11/2018 16:17

Most recently I've been keeping an eye on this company. I'm quite new to investing and this could possibly be my first purchase. I've created a list of pros and cons from some research I've done.

PROS
-PB 0.7
-PE 11
-Debt to equity 0.54
-Insiders have bought very recently 20-27 Sept
-Undervalued
-Niche and boring
-New CEO has been with the company 8 years
-Long term prospects
-Earnings have improved each year

CONS
-29% drop on the 19th of September (this could also be a plus)? Due to // £1.5m contact being delayed // CEO retiring // operating profit to be "marginally below market expectations" in the near future // brexit worries
-87% institutional ownership
-Debt is manageable but net cash vs debt is currently 2.4m vs 24m

I'm also considering Redrow, but Flowtech is at such a low price currently, and the fact that insiders are buying tells me they are confident in the future. Should I have any reservations, is there a part of the story I may be missing?

Cheers!

[amrishbhim] 25/10/2018 22:04

Potential takeover I believe , very low, sadly fell, should see a 1.40, I read something on twitter about a possible buy out, need to read more into this before believing twitter and what people say, been hurt before

[boadicea] 23/10/2018 09:26

A decent enough report in current circumstances and taken as a modest invitation to add cautiously.
A retest of recent lows is not unlikely (due largely to background market influences) but a good chance that 100p support would hold imo.

[rcturner2] 23/10/2018 08:10

Yes, happy with that.

[piwood] 23/10/2018 07:19

A good trading update today

[skyship] 19/10/2018 07:04

sefton - hardly spam when informing us of something relevant to Flowtech; or did you perhaps not read the first sentence...

[sefton1] 19/10/2018 02:05

more davidosh spam

[davidosh] 18/10/2018 22:16

Just to let you all know that Flowtech will be presenting at our MelloLondon investor event in Chiswick W4 next month on the first day. MelloLondon is a two day event and starts on Monday 26th November through to Tuesday 27th November. You can find out more here...



There will be 65 quality companies exhibiting and presenting plus some very well known investors, entrepreneurs, fund managers and market commentators providing excellent keynote talks on a range of investment subjects. A number of investment workshops will be available each day and a ShareSoc MasterClass on the final day.

[meijiman] 04/10/2018 14:30

Yes once this is out of the way there should be a bounce towards the 135p level I hope.

[napoleon 14th] 04/10/2018 14:14

BNY Mellon Trust & Depository reduced from 6.46% to 4.25% (see RNS)

Would explain recent price moves?

[melody9999] 03/10/2018 22:51

fill - suspect what is happening here is the reporting of large sell orders that have now been filled by the MMs. this has dragged the share price down....but does mean the share price will now recover as the selling pressure has ended. oversold at present and I expect recovery to the 130 - 140p level in the short term.

[fillspectre] 02/10/2018 20:53

Very large share volumes over the last few days. One announcement today regards a sale by a large institutional holder on the 28th September - about 1.5 million shares sold. Today a large volume of shares sold - is ownership of a large tranche changing hands? Is someone hoovering up a new position at around the 115p mark? New Q3 trading statement on the 23rd October - not sure which way this is going now. Could trade for a long time down at these prices. Fils

[skyship] 28/9/2018 11:57

NED Bill Wilson joins in with a 3,500 purchase at 117.5p.

[grosvenor] 28/9/2018 11:18

This looks like a buy on weakness to me - sadly with all the sellers it is not going that way.

Maybe when the sellers are gone it will turn around.

I use VectorVest and although they rate it a sell they do give it a value of 198.9p!

By the way after the share went ex div the VV safety of dividends (YSG) is also rated highly.

You can see the VectorVest full analysis by visiting VectorVest.co.uk and click the Analyze Any Stock Free - link.

[fillspectre] 25/9/2018 23:33

When FLO announced a hiatus in the acquisition strategy I breathed a sigh of relief because I felt this would be an opportunity for the management to demonstrate with year on year comparatives how they could develop purely organically the now much enlarged group. I watched the video interview with Mark Cropper, MD of Beaumanor and was impressed with his no-nonsense delivery which constantly reinforced a message of effectively stick to the knitting. Both Beaumanor and the now Skelmersdale parent Company are not fly by night outfits - FLO has been around since 1983. So they've announced a CEO stepping down - Simon Thompson in his article states he understands the personal reasons for doing so - not such a big calamity and maybe anyway others are better placed to develop the business organically. Brexit ….. risk applies to loads of companies. £1.5m contract at risk - the update explained this was not part of the group's core business - it seems good to me the board has re-risk assessed this particular contract and hopefully a lot of learning has come from it. I have reviewed the dividends I have received from this share since holding and I am confident the dividends will continue to come - happy to hold. There are many many loss making businesses on AIM - FLO isn't one of them.

[edmundshaw] 25/9/2018 17:37

Thank you for your ha'pence worth OC. Yep, getting in now might be too early or it might be the bottom, who knows? but if it's value and quality, that will out in time. Buying a small amount seems a sound, codging style of aquiring a position...

[theoldcodger] 25/9/2018 09:37

I've been following these for quite a while and have just taken a very small position.

Whilst the directors buys are a positive, it actually concerns me that the share price (currently 117) continues to fall even in the wake of these. Shares can also be purchased well inside the spread, thus I expect further share price weakness before any recovery.

However, you can't always buy at the bottom and whilst it would probably be better to have waited for some share price strength before starting to buy, I felt it worth a small investment now.

My opinions only,
TOC

[skyship] 25/9/2018 07:33

Fils - thnx a lot for those. Very interesting - will be studying them today...

As to FLO, another NED initial purchase announced; so we have now had:

# Nigel Richen------23,500 bought @ 128.5p
# Malcolm Diamond---16,028 bought @ 123.7p
# Bill Wilson-------16,500 bought @ 123.3p

Such clear, co-ordinated buying by NEDs (inc. the Chairman) surely suggests that the recent fall is considered an aberration. May have to increase my small holding!

[fillspectre] 24/9/2018 23:22

I do apologise - must reread my posts before they are sent.
Confusing Typo - "mooted" should have been "muted". Fils

[fillspectre] 24/9/2018 23:18

Skyship I don't normally use one bulletin board to cross fertilise others but allow me to shamelessly promote two other shares I have an interest in. Both AIM, both UK manufacturers - neither paying a dividend - one already profitable - one soon to look like it will be I hope. Finally both Rivaldo and Longshanks are interested in these shares and I have found them both to be reasoned individuals with a relatively good eye for potential winners (although I'm not claiming them to be infallible).
1st SDI - AGM tomorrow - Tuesday 25th - a seemingly well run Company with a mix of technical Companies - including scientific instruments, advanced specialist cameras and industrial dosing equipment. Growth is coming both organically and by acquisition - with acquisitions coming via an obvious patient approach - with so far each acquisition looking good business sense - i.e. caution hasn't been thrown away with a need to boost revenue at a certain rate. Growing ever more profitable - in particular I'm awaiting news of increased orders for something called Proreveal - which is a detection device which allows sterilisation units in hospitals to determine how effective their cleaning processes are - each sale leads to repeat revenues of consumables. In theory NHS trusts are compulsed by Government to buy into this sort of technology although the main deadlines have already been passed. No dividend yet but thus far share price growth has more than made for up this.
2nd SCE - Potentially more interesting although for now I would school you to do your own research and possibly play a waiting game. This is a manufacturer of carbon ceramic discs brakes. They are currently equipping what they call the OEM cell 1 - a production line for volume production - in a relatively new factory in Knowsley near Liverpool. They have just announced another six month delay in a September statement although the reaction share price wise has been fairly mooted. They have a smaller production cell which is producing increasing revenues in near OEM sales, retrofit kits and will be used for producing brakes for an Aston Martin supercar. The talk in the September statement is that Aston Martin have opened up talks about further models. Meanwhile in this calendar year SCE should complete product testing for two German OEM companies which will be one of the last hurdles for one or both of these Companies to nominate the Surface Transform brake for incorporation into a new car model. The big news for this share will be when they can actually announce the ink is drying on a volume order for what they call OEM3, OEM5 or both. Personally I think until the Brexit date has been put behind us we won't see such an announcement and for this reason I think the six month delay on final commissioning of OEM cell 1 makes little difference. Meanwhile come Jan 2020 the Company should receive an order to supply an aircraft landing Company with brakes for a U.S. military aircraft - a contract which has been likened to an annuity and which on its own was once claimed (I can't remember if this claim is current) should make the Company break even. I have visited the premises at Knowsley on an investor away day - I'm hoping a fresh invite will be forthcoming soon to allow shareholders to see the progress for themselves. Longshanks, on seeing the first new furnace on that visit, likened it to a machine that could literally spin golden discs or words to that effect - such were feelings on its potential ability to create wealth.
I apologise to Flotech Fluidpower shareholders to this diversionary interlude. I am a FLO shareholder - I'll submit a post tomorrow onto this board which gets back to the subject matter at hand - and discuss what I think of FLO's prospects.# Fils

[skyship] 22/9/2018 12:50

Thnx all - some were not manufacturer's incidentally!

[lord gnome] 22/9/2018 11:33

Golden rule - don't touch anything out of the Zeus stable.